MAY 2023

VOlUME 06 ISSUE 05 MAY 2023
Non-Fungible Token (NFT) in the Perspective of Intellectual Property Rights in Indonesia
1Daniel Horasman Napitupulu,2Kholis Roisah
1,2Master of Law Study Program, Faculty of Law, Universitas Diponegoro
DOI : https://doi.org/10.47191/ijsshr/v6-i5-75

Google Scholar Download Pdf
ABSTRACT

Non-Fungible Token (NFT) is a new thing in Indonesia, as something new it is full of problems regarding the legality of NFT in Indonesia. Furthermore, when it comes to Intellectual Property Rights (IPR), is NFT an IPR and does it receive legal protection? This problem will be discussed in this study, using normative juridical research methods. Based on the research results, it is known that NFT is a digital asset that can be authenticated in order to create digital ownership certificates where these certificates can be traded. This NFT can be protected as intellectual property rights because in fact NFTs are works of art that are encrypted into the blockchain network. Because NFTs are works of art, works of music, videos, game items, etc. that are encrypted into the blockchain network, NFTs are often associated with copyrights.

KEYWORDS:

NFT; Intellectual Property Rights; Legal protection.

REFERENCES

1) Agus Yudha Hernoko, Law of Contracts (Principle of Proportionality in Commercial Contracts) (Jakarta: Kencana Prenada Media Group, 2010)

2) Brian D Feinstein, Kevin Werbach, 'The Impact of Cryptocurrency Regulation on Trading Markets', Journal of Financial Regulation , 7.1 (2021), 48–99

3) Chi, HO, and Minh City, 'AEX Has Launched a National Plan and Established a $100 Million Fund to Support Vietnam 's Blockchain Ecosystem', 2022

4) Dewi, Ni Kadek Risma Setya Cahyani, Ida Ayu Sukihana, 'Non-Fungible Token (NFT): Overview, Evaluation, Opportunities and Challenges', Kertha Wicara Journal , 11.4 (2021), 906–18

5) Dewi Sulistianingsih, Apriliana Khomsa Kinanti, 'Copyright Non-Fungible Token (NFT) From a Legal Perspective on Intellectual Property Rights', Kertha Bhayangkara , 16.1 (2022), 182–203

6) Imanda, Nadia, 'Crypto Assets as Objects of Pawn Collateral Institutions in Peer-To-Peer Lending Practices' (Airlangga University, 2020)

7) Najibur Rohman, M, 'Scientific Journal of Law Studies' NORMATIVE JURIDICAL REVIEW OF CRYPTO CURRENCY REGULATION IN INDONESIA', Supremacy Journal , 11.2 (2021), 1–10

8) Newswire, Globe, and Blockchain Association, 'Vietnam Blockchain Association and Binance Officially Enter Strategic Cooperation', 2022 (2022), 6–9

9) 'NFT', Dictionary.Com , 2021 [accessed 19 May 2023]

10) Nhat Quang, Troom, Nguyen Thu Hang, and Nguyen Duy Duong, 'How to Classify and Regulate Crypto in Vietnam?', 2022

11) Ranti Fauza Mayana, Tisni Santika, Moch. Alvi Pratama, Ayyu Wulandari, 'Intellectual Property Development & Commercialization of Non-Fungible Token (Nft): Opportunities, Challenges and Legal Problems in Practice', Journal of Notary Law , 5.2 (2022), 202–20

12) Sehra, Avtar; Cohen, Richard; Arulchandran, Vic, 'On Cryptocurrencies, Digital Assets and Private Money', Journal of Payments Strategy & Systems , 12.1 (2018), 13–32

13) Team, CNBC Indonesia, 'Knowing What NFT Is Complete With How To Make & Sell It', CNBC Indonesia , 2022 [accessed 19 May 2023]

VOlUME 06 ISSUE 05 MAY 2023

Indexed In

Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar